FY2025 EPS Estimates for Alamo Group Reduced by DA Davidson

Alamo Group Inc. (NYSE:ALG) – Equities researchers at DA Davidson lowered their FY2025 earnings estimates for shares of Alamo Group in a report issued on Tuesday, November 5th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will earn $11.27 per share for the year, down from their prior forecast of $12.64. DA Davidson has a “Buy” rating and a $219.00 price objective on the stock. The consensus estimate for Alamo Group’s current full-year earnings is $10.23 per share.

ALG has been the topic of a number of other research reports. Robert W. Baird increased their price target on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Alamo Group Stock Down 0.9 %

Alamo Group stock opened at $195.72 on Thursday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 19.71 and a beta of 1.08. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group has a twelve month low of $163.74 and a twelve month high of $231.40. The stock’s fifty day simple moving average is $178.04 and its 200-day simple moving average is $181.65.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a $0.26 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Alamo Group’s payout ratio is currently 10.47%.

Insider Transactions at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the transaction, the executive vice president now directly owns 7,765 shares in the company, valued at $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 898 shares of company stock valued at $165,856. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of Alamo Group by 2.1% during the second quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 63 shares during the last quarter. Huntington National Bank raised its position in Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Aurora Investment Counsel boosted its stake in Alamo Group by 1.5% during the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 85 shares during the period. Diversified Trust Co grew its position in Alamo Group by 6.7% during the 2nd quarter. Diversified Trust Co now owns 1,548 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 97 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Alamo Group by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock valued at $900,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.